Vox Royalty Corp (OTCMKTS:VOXCF) is an innovative company which is involved in the precious metals related royalty space and experts believe that it is a high growth industry. However, on Monday, the company’s stock was in middle of a downturn and ended up with a decline of as much as 6.5% as a consequence.
Trading Data
On Monday, VOXCF stock slid 6.72% to $2.50 with more than 8.33k shares, compared to its average volume of 13.83K shares. The stock has moved within a range of $2.5000 – 2.5800 after opening trade at $2.58.
Vox Provides Exploration Updates From Operating Partners
In this context, it may be a good idea for investors to take a look at the updates that the company provided yesterday in relation to its exploration results. The recent exploration results are from the activities of the company’s royalty partners ValOreMerals Corp, Develop Global Limited, Quantum Graphite Limited and Silver Miners Limited.
The Chief Investment Officer of the company Spencer Cole spoke about the exploration results as well. He stated that the exploration activities over the course of the past month completed a year in which there was record exploration activities funded by the company’s partners.
As much as 170,000 metres had been drilled in total and the drilling activities were spread across as many as 18 different projects. The update was an important one from the company and it is going to be interesting to see if the Vox Royalty stock manages to recover today or not.
Key Quote
Spencer Cole, Chief Investment Officer stated, “This past month’s exploration progress caps off a record year of partner-funded exploration on Vox’s royalty projects with approximately 170,000 metres drilled across 18 separate projects. Based on operator guidance, Vox management expects resource upgrades will be forthcoming for South Railroad, Bowdens, Sulphur Springs, Pedra Branca, Pitombeiras and Kookynie projects over the next 6 months. 2022 is shaping up to be another tremendous year for organic royalty developments at Vox.”
Technical Data
VOXCF stock is below the 20-Day and 50-Day Moving averages of $2.74 and $2.84 respectively. However, the stock is trading above the 200-Day moving average of $2.36. The stock is down 18% in the past month.
